TechFlow reported on July 30, according to The Block, that Web3 restaurant application Blackbird has launched a new payment platform called Blackbird Pay. The platform is a network providing restaurants with payment and settlement services, built on Blackbird's newly developed blockchain, Blackbird Flynet. Restaurants using the platform will pay a 2% fee per transaction, while customers can use Blackbird's reward points, FLY, to pay for meals.
Ben Leventhal, founder and CEO of Blackbird, stated that despite significant technological advancements in the restaurant industry over the past decade, payment systems remain expensive, cumbersome, and technically opaque. The launch of Blackbird Pay aims to change this status quo, and the company looks forward to collaborating with the foodservice industry to pioneer new pathways.
Previous report, Blackbird raised $24 million in a Series A funding round in October 2023, led by Andreessen Horowitz, with participation from QED, Union Square Ventures, and other firms.
